Statement Of CFTC Commissioner Christy Goldsmith Romero On A

Statement Of CFTC Commissioner Christy Goldsmith Romero On Advance Notice Of Proposed Rulemaking On Risk Management Program Regulations - Requirements For Banks And Brokers To Manage Evolving And Emerging Risks

<p><span>Management of existing, evolving, and emerging risk is paramount to the financial stability of the United States and global markets. This is evidenced by the recent bank failures, followed by subsequent government action taken out of regulatory concern over possible contagion effect to other banks and broader economic spillover.&nbsp;</span><span>&nbsp;Federal Reserve Board Vice Chair Michael Barr recently testified before the Senate at a hearing on the bank failures, &ldquo;the events of the last few weeks raise questions about evolving risks and what more can and should be done so that isolated banking problems do not undermine confidence in healthy banks and threaten the stability of the banking system as a whole.&rdquo;</span></p>

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